Market Recap – November 7th
The markets moved forward with the S&P 500 up 0.96%, the Dow Jones up 1.31%, and the NASDAQ up 0.85%. The indices were mixed for most of the day, but a late-day rally led to a positive close as investors anticipate the results of the 2022 midterm elections that will take place on Tuesday. Speaking of the election, Digital World Acquisition Corp rose by a whopping 66.48% to $29.10 as former President Donald Trump is expected to announce a bid for the 2024 presidential election, which could help with the Truth Social merger. On a negative note, Palantir fell by 11.48% to $7.02 following poor earnings where the company issued a warning regarding a possible revenue miss in future quarters.
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.